💡$BYND 🐄Beyond Meat at key support level💰+40%🏌️♂️📚Full disclosure: I do not own shares in £BYND NASDAQ:BYND
Please see the chart for the idea.
Beyond Meat is sitting at some key support levels.
BYND trade ideas
BYND - Bounce soon?BYND watching for a bounce from here.
Perfect touch of the weekly demand zone and hard bounce on 3/5, leaving a hammer candle to close Friday.
Also filled daily gap at same level.
Stoch oversold.
Also Held the important $135 level.
27 days down this reversal would be 'on time'
A Large long fib setup first traded in November 2020 with target at 232.74 and is still intact.
Formed weekly demand zone after double bottom and bounced.
BYND announced a partnership with Pepsi, massive gap up and then the sold it all the way
back down to the weekly supply zone, with earnings along the way.
Ideally looking for a gap up monday 3/8 to confirm
BYND bottom of the channelBYND bottom of the channel here watching for a reversal, possible bounce to long or we break and continue this downtrend, overvalued stock that will take a massive hit if the market continues to bleed.
BYND has activated a second impulse to $231 +35%Beyond the meat has activated a second impulse with potential target price of $231, +35% from current price.
Beyond raw meat Having a nasty correction. .786 retracement level is at 137.04. If it can’t find support here, seems like 114$ is of confluence in my opinion
$BYND Beyond Meat $240 Price target mid 2021- Possible drawdown to $135 area
- Look for a break and close above the drawn downtrend line
$BYND 4h Double Bottom on RSIThis pattern is playing out on a few favorite stonks.
Wait for MACD seller exhaustion to confirm reversal.
If we look @ recent history of the stock the same scenario has played out various times.
Target areas of congestion and recent high. If ATH is broken, you determine risk-reward.
Not financial advice, all that jazz.
Broadening Top BYND*My first Posted Public Idea*
Confluence Check list
Minimum 3 touches top and bottom✅
In Fibo levels 0.382/0.705 for retracement or breakout ✅
Partial decline or breakout past previous resistance of 182.52 ❏
would love constructive feedback thank you
BYNDBased on my analysis:
1. BYND formed hammer at support level.
2. Stochastic at oversold area.
3. BYND wil going up to (1) 155.20 USD or (2) 165 USD.
Syeikh Hafiz
Stock Market Analyst
Beyond Meat $140 Zone Rejection This is an clear resistance became support backed by days of price action from November & December price has already came back and retested if you are looking to get in now is a good time
$BYND Gap fill bounceMM's will often over fill gaps knowing buyers are waiting upon fill & would be several points under water b4 it bounces off of nearest demand area, 618% will have buyers, the 50 day ma will too just below in 147's. i added 2nd wave, i am expecting possible market weakness in coming weeks months hence the weakness and short from overhead supply
Short squeeze mini series # 29What Is a Short Squeeze?
A short squeeze occurs when a stock or other
asset jumps sharply higher, forcing traders who
had bet that its price would fall, to buy it in
order to forestall even greater losses. Their
scramble to buy only adds to the upward
pressure on the stock's price
KEY TAKEAWAYS
*A short squeeze accelerates a stock's price rise
as short-sellers bail out to cut their losses.
*Contrarian investors try to anticipate a short
squeeze and buy stocks that demonstrate a
strong short interest.
*Both short-sellers and contrarians are making
risky moves. A wise investor has additional
reasons for shorting or buying that stock.
*********************************************************
Tips:
*** SPX'S Index is in a peak/correction mood!!!
***This could turn out to be, not a short
squeeze!! rather a crashing stock !!!
***Or my work could be just wrong !!! NASDAQ:BYND
I've convinced myself $BYND is in a 6month cup and handle. I am using this as an excuse to keep averaging down my calls I don't recommend joining me.
